30 results
- 21 Mar 2019
AMCON Worries over Toxic Loans, Seeks Return of Failed Bank Act
Mr Ahmed Kuru, managing director, Asset Management Corporation of Nigeria (AMCON) has advocated the return of the failed bank Act in view of the resurgent huge toxic loans in the banking sector.…
- 23 Nov 2025
FBNQuest Merchant Bank Champions Financial Literacy @ Kings’ College Lagos
FBNQuest Merchant Bank Limited, a leading provider of integrated financial and wealth solutions, reaffirmed its commitment to shaping a financially empowered generation by extending its financial…
- 17 Mar 2022
Senate Amends Money Laundering Act, Banks to Report Deposits to EFCC
The Senate has passed a bill to amend the Money Laundering Act 2011, which makes it mandatory for Deposit Money Banks and other financial institutions to report to the Special Control Unit Against…
- 2 Jul 2024
Non-Bank Transactions Dangerous for Financial Stability in West Africa – Cardoso
Olayemi Cardoso, governor, Central Bank of Nigeria (CBN), has warned that the rising transaction volumes by non-banks threatens financial stability in West Africa. Olayemi Cardoso, governor, Central…
- 12 Sept 2022
Heritage Bank Appoints Acting Managing Director and Executive Directors
Heritage Bank Plc has announced the appointment of Akinola George-Taylor as its acting Managing Director. Akinola George-Taylor Following the receipt of the approval of the Board of Directors of…
- 22 May 2025
CBN Introduces AML to Fight Financial Terrorism, Gives Banks Deadline
Central Bank of Nigeria (CBN) has directed all financial institutions to implement real-time transaction alert systems as part of enhanced anti-money laundering (AML) compliance. The directive was…
- 13 Nov 2020
Buhari Assents to BOIFA Act 2020
President Muhammadu Buhari has assented to the Banks and Other Financial Institutions Act (BOIFA ) 2020. Garba Shehu, presidential spokesman, made the announcement in a statement on Friday, The Act…
- 2 May 2016
N23Bn Loot: Fidelity Bank Names New Acting Boss
Board of Directors of Fidelity Bank Plc has appointed the Executive Director, North, Alhaji Mohammed Balarabe, as the acting managing director/chief executive of the bank with immediate effect…
- 9 May 2024
FBNQuest Merchant Bank Reports Strong Financial Performance and Strategic Growth Initiatives in 2023
FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, successfully held its 9th Annual General Meeting recently. The gathering served as a platform to…
- 3 Jun 2024
CBN Cites Financial Stability Concerns, Revokes Heritage Bank’s Licence
Central Bank of Nigeria (CBN), has, announced the revocation of the operating licence of Heritage Bank Plc with immediate effect. In a statement issued by Mrs. Hakama Sidi Ali, acting director,…
- 15 Sept 2010
CBN Nods Revised Banking Model
The Central Bank of Nigeria (CBN), in compliance with the statutory provisions of the Banks and Other Financial Institutions Act (BOFIA) regarding the conduct of banking business has concluded the…
- 16 Nov 2020
FBNQuest Acts as Financial Adviser, Consortium Lead on Privatisation of Afam Power Plc
FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, was appointed by the Bureau of Public Enterprises, on behalf of the National Council on…
- 18 Jun 2024
Access Bank Commits to Deepening Financial Inclusion
Access Bank has restated that it remains committed to providing access to finance for entrepreneurs in the transportation, agriculture, and health sectors this year. Chizoma Okoli, Its Deputy…
- 5 Oct 2020
NOVA Merchant Bank Appoints Ude as Acting MD/CEO
A NOVA Merchant Bank has appointed Mr. Nath Ude as its Acting Managing Director/Chief Executive Officer effective October 3, 2020 subject to approval by the Central Bank of Nigeria. Mr. Nath Ude Nath…
- 28 Dec 2018
Diamond Bank Appoints Babade Acting Chairman
Diamond Bank Plc on Thursday notified the Nigerian Stock Exchange (NSE) that following the recent resignation of Mr. Oluseyi Bickersteth as director/ chairman, effective December 24, 2018. …
- 14 Oct 2021
CBN Asks Banks to Report Dead Customers’ BVN to NIBSS within 24hrs
Central Bank of Nigeria (CBN) has directed banks and other financial institutions to report Bank Verification Number (BVN) of all dead customers to Nigeria Interbank Settlement System (NIBSS) within…
- 18 Feb 2025
CBN Orders Banks to Publish Details of Dormant Accounts, Unclaimed Balances
Central Bank of Nigeria (CBN) has directed commercial banks and other financial institutions to publish the name of the account, the type of account, the name of the bank, and the branch where the…
- 19 Mar 2012
Skye Bank Moves to Ensure Cabotage Act Realization
Skye Bank has reiterated its commitment to unfurl profitable dais in the nation’s maritime sector, pivotal to bursting the implementation of the Cabotage Act 2003. Nigeria CommunicationsWeek gathered…
- 4 Dec 2025
Senate Considers Bill to Empower CBN to Regulate Fintech
Senate on Thursday began debate on a bill seeking to amend the Banks and Other Financial Institutions Act (BOFIA) 2020 to empower the Central Bank of Nigeria (CBN) to designate and supervise…
- 21 Apr 2024
First Bank Comfirms Appointment of Olusegun Alebiosu as Acting MD/CEO
Board of Directors of First Bank has appointed Olusegun Alebiosu as its acting managing director. Mr Alebiosu has been the bank’s executive director/chief risk officer since 2022. He has been in the…
- 20 Apr 2017
NDIC Plans Fresh Arrest of Failed Banks’ Directors
Nigeria Deposit Insurance Corporation (NDIC) on Wednesday said the Task Force on the Implementation of the Failed Bank Act would soon begin to re-arrest for prosecution directors and officers of…
- 27 Jul 2023
DLM Capital Group Acts as Lead Issuing House, Financial Adviser for DBN Debut Bond Issuance
For the Development Bank of Nigeria's first bond issue, Prominent development investment banking institution, DLM Capital served as both the principal issuing house and the financial consultant.…
- 26 May 2025
Court to Deliver Judgment in NIBSS’ Suit against CBN, Others over BVN Database Management
Federal High Court in Abuja on Monday, fixed July 4 for judgment in the suit filed by the Nigeria Inter-Bank Settlement System (NIBSS’) Plc against the Central Bank of Nigeria (CBN) and others.…
- 16 Feb 2022
Senate to Amend 35-Year-Old Act to Compel Bankers to Declare Assets
The Senate has considered a bill seeking to amend the 35-year-old Bank Employees Declaration of Assets (BEDA) Act 1986. "The Bill For An Act To Amend The Bank Employees (Declaration of Assets) Act…
- 15 Jun 2010
Insurance and Banking in Nigeria: Any Relationship?
Under the financial services sector, banks and insurance companies fall within the same tripod, alongside the capital market. As the Central Bank of Nigeria continues in its reform of the banking…
- 25 Jul 2021
Panic Withdrawal: Zenith Bank not Distressed- CBN
Central Bank of Nigeria (CBN), the financial regulator has reiterated the resilience, safety and soundness of Nigerian Deposit Money Banks (DMBs) and other financial institutions under its…
- 26 Mar 2014
Sanusi Dragged to Court over Alleged N50Bn Fraud
Shareholders of the defunct Intercontinental Bank Plc, yesterday, dragged Mallam Sanusi Lamido Sanusi , suspended governor of the Central Bank of Nigeria, (CBN), before a Federal High Court in Abuja,…
- 23 Sept 2021
Regulators Slap 5 Banks with N1.4Bn Fine for Forex Infractions, Others
Five top banks in Nigeria paid a total of N1.4bn as penalties to financial regulatory bodies such as the Central Bank of Nigeria (CBN), Security and Exchange Commission (SEC) and Financial Reporting…
- 21 Apr 2021
Heritage Bank Promotes Creative Industry with Support for “Rita Dominic Acting Challenge”
Heritage Bank Plc has further reiterated its commitment to the growth and development of the creative and entertainment sector by supporting the “Rita Dominic Acting Challenge.” Heritage Bank in…
- 12 Feb 2019
Magu, EFCC Boss Accuses 10 Banks of Money Laundering
Ibrahim Magu, acting chairman, Economic and Financial Crimes Commission (EFCC), has accused 10 commercial banks of money laundering. Magu, who stated, while speaking at a round table meeting…